ValuEngine upgraded shares of Knight-Swift Transportation (NYSE:KNX) from a sell rating to a hold rating in a report released on Tuesday morning.
Other equities research analysts have also issued research reports about the company. Buckingham Research lowered their price objective on Knight-Swift Transportation from $62.00 to $54.00 and set a buy rating on the stock in a research report on Thursday, July 26th. Stifel Nicolaus lowered their price objective on Knight-Swift Transportation from $48.00 to $46.00 and set a buy rating on the stock in a research report on Thursday, July 26th. UBS Group lowered their price objective on Knight-Swift Transportation from $57.00 to $42.00 and set a buy rating on the stock in a research report on Thursday, July 26th. Zacks Investment Research upgraded Knight-Swift Transportation from a hold rating to a buy rating and set a $43.00 price objective on the stock in a research report on Tuesday, July 24th. Finally, Credit Suisse Group lowered their price objective on Knight-Swift Transportation from $43.00 to $37.00 and set a neutral rating on the stock in a research report on Thursday, July 26th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $49.44.
Knight-Swift Transportation stock opened at $34.93 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.47 and a current ratio of 1.47. Knight-Swift Transportation has a 12 month low of $29.00 and a 12 month high of $51.94. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 1.03 and a beta of 1.63.
Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, July 25th. The transportation company reported $0.56 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.56. Knight-Swift Transportation had a return on equity of 5.74% and a net margin of 13.67%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the firm posted $0.25 EPS. The business’s quarterly revenue was up 387.4% compared to the same quarter last year. sell-side analysts expect that Knight-Swift Transportation will post 2.27 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 27th. Stockholders of record on Monday, September 3rd will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, August 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.69%. Knight-Swift Transportation’s dividend payout ratio (DPR) is 17.39%.
In other Knight-Swift Transportation news, CAO Wayne Yu bought 1,750 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The shares were purchased at an average price of $32.01 per share, for a total transaction of $56,017.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 27.50% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Dai Ichi Life Insurance Company Ltd purchased a new position in Knight-Swift Transportation in the 2nd quarter valued at $4,087,000. Wesbanco Bank Inc. acquired a new stake in shares of Knight-Swift Transportation in the 2nd quarter worth $3,835,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Knight-Swift Transportation by 14.7% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 53,228 shares of the transportation company’s stock worth $2,034,000 after acquiring an additional 6,838 shares during the last quarter. Cerebellum GP LLC acquired a new stake in shares of Knight-Swift Transportation in the 2nd quarter worth $164,000. Finally, Precocity Capital LP acquired a new stake in shares of Knight-Swift Transportation in the 2nd quarter worth $11,463,000. Institutional investors own 79.78% of the company’s stock.
Knight-Swift Transportation Company Profile
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation and logistics services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.
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